What is the difference between leasing and financing an Infiniti vehicle?

The difference between leasing and financing an Infiniti vehicle primarily revolves around ownership, payment structures, and long-term commitments. When an individual chooses to lease an Infiniti, they essentially rent the vehicle for a specified term, usually around two to three years. During this period, the lessee makes monthly payments which are typically lower than those associated with financing. At the end of the lease, the individual has the option to either return the car or purchase it at a predetermined price, often called the residual value. Leasing usually comes with some restrictions, such as mileage limits and maintenance obligations. For instance, exceeding the allowed mileage can result in additional fees at the end of the lease. Additionally, the lessee is responsible for maintaining the vehicle in good condition, which can impact return conditions and potential costs. In contrast, financing an Infiniti vehicle means taking out a loan to purchase the car, which the buyer will eventually own outright once the loan is paid in full. Monthly payments in this scenario are generally higher than lease payments, reflecting the total cost of the vehicle minus any down payment. Financing typically does not impose mileage restrictions, allowing the owner to drive the vehicle as much as they desire. Upon completing the loan payments, the buyer has complete ownership and can choose to keep the vehicle for as long as they wish. Ultimately, the choice between leasing and financing depends on individual preferences concerning vehicle usage, budgetary considerations, and long-term automotive goals. Each option offers unique benefits that can appeal to different drivers. For specific terms and conditions related to leasing or financing Infiniti vehicles, individuals may want to visit the official website for the most current information.